Truist Financial Corp Has $44.11 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Truist Financial Corp cut its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 245,436 shares of the semiconductor company's stock after selling 3,132 shares during the period. Truist Financial Corp's holdings in Texas Instruments were worth $44,105,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in Texas Instruments during the 4th quarter valued at $27,000. Copia Wealth Management bought a new position in Texas Instruments in the 4th quarter valued at $30,000. Quintet Private Bank Europe S.A. bought a new position in Texas Instruments in the 1st quarter valued at $34,000. Atala Financial Inc bought a new position in Texas Instruments in the 4th quarter valued at $37,000. Finally, Park Square Financial Group LLC bought a new position in Texas Instruments in the 4th quarter valued at $41,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Down 1.2%

Shares of TXN traded down $2.61 during midday trading on Monday, hitting $213.41. The stock had a trading volume of 5,220,687 shares, compared to its average volume of 6,437,996. The company has a 50 day simple moving average of $188.48 and a two-hundred day simple moving average of $183.27. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The firm has a market cap of $193.88 billion, a price-to-earnings ratio of 40.50, a price-to-earnings-growth ratio of 3.52 and a beta of 1.03. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the business posted $1.10 EPS. The company's revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio is currently 103.23%.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of recent research reports. TD Securities reiterated a "hold" rating and issued a $160.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Citigroup increased their price objective on Texas Instruments from $220.00 to $260.00 and gave the company a "buy" rating in a research report on Monday. Seaport Res Ptn upgraded Texas Instruments to a "strong sell" rating in a research report on Wednesday, April 30th. UBS Group raised their price target on Texas Instruments from $215.00 to $245.00 and gave the stock a "buy" rating in a research report on Monday. Finally, DZ Bank upgraded Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target on the stock in a research report on Friday, April 25th. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of "Hold" and a consensus target price of $194.41.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.